Body Shop L'Oreal deal gets European approval

摘要

The European Commission has cleared,without imposing conditions,the takeover of The Body Shop by L'Oreal,after concluding the deal would neither harm consumer choice nor reduce competition in the cosmetics sector.It said:"Horizontal overlaps between the activities of The Body Shop and L'Oreal are limited and that the combined entity would continue to face several strong competitors with significant market shares."